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XY Company has just paid dividend of 2.00. The dividend is expected to grow by 10% in the next two years, 12% in the third

XY Company has just paid dividend of 2.00. The dividend is expected to grow by 10% in the next two years, 12% in the third year and at a constant rate of 8% thereafter. What will be the value of stock today if the required rate of return is 16%?

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